The global Edible Insects market was valued at US$ 540.6 million in 2020 and is expected to reach US$ 1379.9 million by the end of 2027, growing at a CAGR of 13.8% during 2021-2027.
With increased demand for animal-based food and to feed the large population, insects are being used as a source of food. Owing to the lower ecological footprint required for the production of insects. Consumption of insects also depends on human health issue and culture. Increased demand for edible insects is also resulting in the development of new technologies used to harvest insects in a more efficient way. Along with harvesting of insects, companies are also focusing on storing edible insects to keep them fresh for a long time. However , there are still some major factors hampering the market growth including safety and health issues, and legislative requirements. Companies are also focusing on developing various edible insect ingredients. Edible insects are also being offered along with the information on their nutrient contents.
Compared to the ingredients, edible insects as a whole is likely to be consumed on a large scale. In Asian countries such as Thailand and China, edible insects are sold as a whole to be consumed by people. Moreover, they are also the part of street food in these countries. With the rising preference for edible insects as a whole, companies are also providing packed edible insects as a whole in dried, BBQ, and raw form. Companies are also moving towards providing food-grade certified insects for consumption. Moreover, activities such as insect harvesting requires very less investment and it is considered as the best way to earn for the poorest section of society. However, companies are finding new ways to offer edible insects with maximum nutrition value.
Global Edible Insects Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Edible Insects Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Thailand Unique, Kreca Ento-Food, Nordic Insect Economy, Entomo Farms, Enviro Flight, Proti-Farm, Exo, Entotech, Deli Bugs, Eat Grub and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-edible-insects-market-outlook
Segment by Type
- Caterpillar
- Orthoptera
- Beetles
- True Bugs
- Others
Segment by Application
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Coffee Shops
- Online Retail
- Others
Table of Content:
1 Edible Insects Market Overview
2 Edible Insects Market Competition by Manufacturers
3 Edible Insects Retrospective Market Scenario by Region
4 Global Edible Insects Historic Market Analysis by Type
5 Global Edible Insects Historic Market Analysis by Application
6 Key Companies Profiled
7 Edible Insects Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Edible Insects Market Dynamics
10 Global Edible Insects Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.